UNO MINDA LTD - Announcement under Regulation 30 (LODR)-Joint Venture

UNO Minda Ltd - Announcement under Regulation 30 (LODR)-Joint Venture

Download	< Back
10 Nov 2022
The Board approved to enter into joint venture agreement with Buehler Motor GmbH ('BUEHLER'), a leading global supplier of customized mechatronic drive solutions, and accordingly to make a joint venture company ('JV Company') with BUEHLER to develop, manufacture and market traction motors in India and other SAARC nations. The JV will offer traction motors for battery driven EV (Electric Vehicle) 2 wheelers and 3 wheelers. Board approved to make equity investment upto INR 17 Crore from time to time in one or more tranches for 50.1% stake in the proposed JV Company in India. The JV Company will be a subsidiary of Uno Minda Limited. The total capital expenditure to be incurred over the period of six years in the proposed JV Company would be Rs. 110 Crore (Approx.).
View all announcements for UNO Minda Ltd	Source: BSE India

Stocks	Mutual Funds		Investment tracking
A-Z Gainers - Daily \| Weekly \| Monthly Losers - Daily \| Weekly \| Monthly Group-wise listing IPO \| Top IPOs Recent IPOs \| IPO News Similar Price band Most traded - By volumes Top 100 - By market capitalisation Latest Company Results Management Speaks Market News	Top 25 schemes High-risk, High-returns Medium-risk, Medium-returns Low-risk, Low-returns Gilt Funds Funds of Funds Special Funds Liquid Funds Dynamic Asset Allocation NFOs MF Selector	Equity - ELSS Equity - Index Funds Equity - Sector Funds Equity - Balance Fund Equity - Diversified Fund MF News Budget 2024	My Portfolio My Watch List If You Had Invested... Global Indicators Forex Converter Market Indices Sectoral Indices World Indices Market Astrology Advertise with us